Tonight, Bitcoin and gold declined due to the surge in oil prices.


It's said that the petrodollar, the petrodollar, the dollar has recently surged.
You should know that U.S. Treasuries are interest-bearing assets, while gold and Bitcoin are interest-free assets, so everyone is shifting their positions into dollars/U.S. Treasuries, indirectly driving the surge in oil prices.
Additionally, there's another point: OPEC in other parts of the Middle East wants to drain Iran's blood, but who would have thought Iran would actually block the Strait of Hormuz? Most of their oil passes through the Strait of Hormuz (can't be exported), which is like shooting themselves in the foot. It made me very happy.
It's truly a case of cleverness backfiring, a classic case of 😏
BTC3,6%
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